Differentiability of the efficient frontier when commitment to risk sharing is limited

Topics in Macroeconomics

Volumn 6, Issue 1, 2006, Pages

  Koeppl, Thorsten V ^a  

^a QUEEN S UNIVERSITY   (Canada)

Author keywords

Differentiability; Limited commitment; Risk sharing

Indexed keywords

EID: 33750189256     PISSN: 15345998     EISSN: 15345998     Source Type: Journal    
DOI: 10.2202/1534-5998.1419     Document Type: Article

References (6)

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2. Coate, S. and M. Ravallion, 1993, "Reciprocity without Commitment: Characterization and Performance of Informal Insurance Arrangements", Journal of Development Economics 40, 1-24.
3. Kocherlakota, N., 1996, "Implications of Efficient Risk Sharing Without Commitment", Review of Economic Studies 63, 595-609.
4. Kehoe, T. and D. Levine, 2001, "Liquidity Constrained Markets versus Debt Constrained Markets", Econometrica 69, 575-598.
5. Ligon, E., Thomas, J. and T. Worrall, 2002, "Informal Insurance Arrangements with Limited Commitment: Theory and Evidence from Village Economies", Review of Economic Studies 69, 209-244.
6. Rockafellar, T., 1970, Convex Analysis, Princeton University Press, Princeton.